3 Family Income Property

Investment Real Estate Auction!

THURSDAY, October 8, 2009 at 6 pm

Auction Onsite: 3 Mill St; Vernon, NY 13476 (Oneida County) (Village of Vernon)

For the Estate of Charlotte Gerrer * 1st TIME ON THE MARKET AT AUCTION! Property has been in the family for 55 YEARS & never before offered for sale until NOW!

Auction in Tent * Signs Posted * Chairs Available

Directions: From the center intersection of NYS Rt. 5 & NYS Rt. 31 in the village of Vernon, NY: - take NYS Rt. 31 North toward the thruway (.1) miles to left on Mill St. Go (.1) miles to auction on right.

Real Estate Open House: Monday October 5 from 4:30 – 6:00 PM & 1 hour prior to auction. Walk the lot at your leisure.

Real Estate: A very nice, 2-story old style, legal 3 family home w/ 7 total bedrooms! (1) 4 bedroom apt., (1) 2 bedroom apt. & (1) 1 bedroom apt. w/ 3,206’ of rentable SQFLA! Located ON a very private 100’X 192’ size lot w/ 100’ of road frontage in the village of Vernon, NY! The home needs some work & is in need of repair, but is structurally sound and could be easily fixed up and turned back into a real money maker! Sells w/ (3) separate electric meters & (3) separate furnace heat sources! Sells w/ (4) car garage space & plentiful parking !

Please Note: The family was in the process of converting the home into a 4 family dwelling. That is why UNIT 1 has 2 full baths & 2 full kitchens w/ 4 bed rooms. This real estate will be sold as a POTENTIAL 4 FAMILY!

Unit 1: Sells as 4 BR apt. 1st & 2nd story w/ 2 entrances. Kitchen: eat in w/ knotty pine walls, double enamel sink, raised maple cabinetry & Fisher wood stove w/ brick & cement block surrounding. Living Room: wood paneling, pine corner cabinet & linoleum floor. BR1 downstairs: wood paneling, linoleum floor, spacious w/ chandelier, large front windows to let in the natural light, natural trim work & access to the front entrance. Full Bath downstairs: Stand up shower, toilet, linoleum floor & sink w/ side Laundry/Utility room: w/ knotty pine walls, linoleum floor, & linen closet. Upstairs: original wooden stairway BR 2 upstairs: linoleum floor & wood paneling. BR 3 upstairs: linoleum floor, clothes closet & wood paneling. BR 4/ kitchen upstairs: This room is the fourth BR and was just recently converted into a spacious kitchen (This was going to be the kitchen for the fourth unit) w/ dbl SS dink, ceiling fan, linoleum floor, wedge wood paneling, elec. stove w/ vent & access to crawl space. Full Bath 2 upstairs: bath tub/ shower, toilet, linoleum floor & sink. Unit 1 has a front entrance & garage entrance w/ sep. heat from basement furnace, sep. elec. , forced air heat, its own thermostat & access to the basement.

Unit 2: Sells as a 1 BR apt, 1st story w/ front entrance. Kitchen: eat in w/ raised cabinetry, ss sink, wood paneling, linoleum floor & gas signature furnace w/ large clothes closet. BR 1: carpeted. Full Bathroom: toilet, stand up shower, sink & linoleum floor. Unit 2 has its own thermostat, w/ sep. heat from gas furnace in the kitchen & sep. elec.

Unit 3: Sells as a 2 BR apt, 2nd story w/ garage entrance. Kitchen: eat in w/ raised cabinets, double ss sink, linoleum floor, gas. stove/oven w/ knotty pine walls. Living Room: built in pine corner cabinet, carpeted & spacious. BR 1: linoleum floor, spacious w/ walk in closet. BR 2: linoleum floor, spacious w/ walk in closet. Full Bathroom: linoleum floor, toilet, sink, bath tub & proper vitalization, vanity tongue & groove hardwood wall paneling & washer & dryer hookups! Back storage room: unfinished, spacious & a potential 3rd bed room ! Unit 3 has a sep. heat from GE garage furnace, sep. elec., forced air heat & its own thermostat.

Basement: Stone foundation, concrete floor, (3) sep. 40 gallon hot water tanks, (4) separate newer updated 150 Amp. elec. boxes, natural gas furnace (runs unit 1) & walk out doors.

Garages: Attached (2) car: 26’ X 24’ w/ concrete floor, GE gas furnace (runs unit 3), (2) 95” X 7’ overhead doors w/ opener. Detached “heated” (2) car: 26’ X 24’ w/ concrete floor, (2) 106” X 7’ overhead doors, clapboard siding, concrete block foundation, gas furnace, sep. 100 Amp elec. & metal roof!

Tax map #: (323.016-1-38) Built in 1879 w/ 3,206 SFLA, assessed @ $104,700, property class= 230- 3 fam. Res., neighborhood code= 06053 village. Sells w/ attached enclosed back sun porch w/ sliding glass doors & concrete floor, completely vinyl sided, paved tarvia driveway, large back yard & mostly fenced peaceful lot !

Zogg Brothers Note: An outstanding opportunity to buy a 3 family home w/ HUGE lot! Conveniently located under 6 miles to Oneida, NY & only 5 miles to Turning Stone Casino! A perfect opportunity for an investor, contractor or home buyer! Just a little TLC & this home is a money maker again! Located in the Vernon-Verona-Sherrill Central School District & in the village of Vernon. In America the land of opportunity, INVEST IN REAL ESTATE! 1st TIME ON THE MARKET AT AUCTION! Same owner for 55 years until now! This is a once in a lifetime opportunity! Come and bid your price the AUCTION WAY!

Standard Real Estate Terms: 10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 10% down on day of auction, with the remainder due at closing within 7 – 45 +/- days. Executor’s Deed. Property sells “As Is, Where Is”. All test required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! Order a (PIP) property information packet w/ more information & auction procedures now. 2.5% BROKER PARTICIPATION INVITED! Buyer/ Brokers must register 48 hours in advance and have the required form submitted w/ broker, auctioneer & client signatures. Auctioneer agency represents only the sellers.

 

Photos:

• Gallery 1
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PLEASE NOTE: IMPORTANT AUCTIONS WANTED! We are actively seeking important real estate & personal property auctions in Oneida County, across upstate NY & North East PA. If an important auction is in your future, give us a call & your auction will be done right the FIRST TIME!